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DBS Bank ties up with Samsung to enable contactless payments

DBS Bank India (DBS) announced its partnership with Samsung Electronics for its payment platform Samsung Pay. This partnership will enable DBS debit card holders to make contactless payments using their Samsung smartphones. With Samsung Pay, DBS customers can widely use their smartphones as majority of Point of Sale (PoS) terminals in India are Magnetic Secure Transmission (MST) enabled.  In addition they can also use their smartphones at Near Field Communication (NFC) enabled PoS terminals.

Announcing the partnership Shantanu Sengupta, Head, Consumer Banking Group, DBS Bank India said, “As a bank committed to making banking simpler we continuously seek to seamlessly integrate technology solutions innovatively for a convenient and hassle-free customer experience. We are pleased to make Samsung Pay available to our customers to add further value to our existing payment options.”

“Millions of customers in India have fallen in love with Samsung Pay. Samsung Pay is simple, secure and its biggest USP is that it is accepted almost everywhere a user can tap or swipe physical cards. Our partnership with DBS Bank will further enable more users to make seamless digital payments in a secure manner,” Sanjay Razdan, Director, Samsung India, said.

DBS customers can avail this facility by scanning and validating their debit card on select Samsung mobile phones.

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